you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 1 year ago (2 children)

What I still don't understand is why American house prices depend so much on what their neighbors' houses look like.

Where I live, even a fully abandoned broken down house with one meter high wild grass is not bad enough to devalue its neighbor.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 1 year ago

    Because the value of the community plays a role in the price and there is a significant variability in neighborhood "value" within cities. A lot of it is tied to crime rates, but there may also be class signifiers which affect valuation.

  • source
  • parent